Below are the REITS I currently hold in my portfolio. Most of them will be announcing their 1st Quarter 2016 financial results. To keep track of the date of release of the 1st quarter 2016 …
Continue readingCapitaMall Trust DPU Rises for 1Q2016
CapitaMall Trust announces its 1Q2016 results on 15th April 2016. A higher Distribution Per Unit (DPU) of 2.73 cents was announced for 1Q 2016 which is 1.9% increase as compared to 2.68 cents in 1Q 2015. Gross revenue …
Continue readingKeppel REIT DPU Fall for 1QFY2016
Keppel REIT announces its unaudited financial results for 1QFY2016 on 14th April 2016. Distributable income increased slightly by 0.8% despite the divestment of 77 King Street in Sydney in January 2016. DPU fell by 1.2% from 1.70 cents …
Continue readingSoilbuild REIT DPU Fall for 1QFY2016
Soilbuild REIT announces its results for 1QFY2016 on 21st January 2016. Gross revenue increased 8.2% to S$20.1 million and net property income (“NPI”) grew 8.8% to S$17.2 million. Distributable income rose 9.6% to S$14.6 million from S$13.3 million in …
Continue readingSheng Siong Went Against Asset Light Business Model
An asset light business model lowers operating costs and risks. However Sheng Siong has went against the odds. Sheng Siong announced the acquisition of a property in Bedok Town Centre for S$53 million. The property is …
Continue readingCambridge Industrial Trust Divest 23 Tuas Avenue 10
On 11th April 2016, Cambridge Industrial Trust announced the plans to divest 23 Tuas Avenue 10 for S$16.5 million. The original price that Cambridge Industrial Trust bought the asset was S$8.55 million. This represents a gain …
Continue readingWhat is meant by Baa3?
Soilbuild Business Space REIT has recently issued SGD100 million 3.60% fixed rate notes due 2021. Moody’s has given the notes a definitive rating of Baa3. Honestly, when I saw the “Baa3” rating, I did not understand …
Continue readingOUE Hospitality Trust Rights Issue Over Subscribed
On 6th April 2016, OUE Hospitality Trust announced that the rights issue was 139.9% subscribed. I have taken up the rights and should see the stapled securities being added to my Central Depository by Wednesday, 13th April …
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